PNC Financial Services Group Inc. increased its position in Sony Corporation (NYSE:SONY – Free Report) by 8.7% in the 1st quarter, HoldingsChannel reports. The fund owned 325,068 shares of the company’s stock after purchasing an additional 25,941 shares during the period. PNC Financial Services Group Inc.’s holdings in Sony were worth $6,729,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SONY. Brighton Jones LLC increased its stake in shares of Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after purchasing an additional 16,094 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Sony by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock valued at $4,542,000 after buying an additional 37,677 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Sony by 23.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock worth $573,000 after buying an additional 4,172 shares during the period. Russell Investments Group Ltd. grew its stake in Sony by 24.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 16,501 shares of the company’s stock valued at $430,000 after buying an additional 3,255 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Sony in the 2nd quarter valued at approximately $26,058,000. 14.05% of the stock is currently owned by institutional investors.
Sony News Summary
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony Pictures reportedly secured or expanded distribution ties for new films including Ramayana and Los Hilos del Miedo, which could support future content revenue and reinforce Sony’s role in global film distribution. Ramayana Movie Lands at Sony
- Positive Sentiment: Sony is said to be reopening Hollywood’s Cinerama Dome and ArcLight Cinemas, a move that could boost theater operations and signal confidence in a rebound in moviegoing demand. Sony to reopen Hollywood’s Cinerama Dome and ArcLight Cinemas
- Positive Sentiment: Sony launched or highlighted a new FX5 cinema camera with 5K open-gate recording, internal RAW support, and AI features, reinforcing its premium imaging franchise and product pipeline. Sony’s new cinema camera offers 5K recording, built-in AI processing
- Positive Sentiment: Sony’s new high-end “The Collexion” headphones are getting favorable attention, and cheaper XM5 pricing may help stimulate demand in consumer audio. Sony’s ‘The Collexion’ Headphones Set New Standard for Audio Engineering and Sound Design
- Neutral Sentiment: Several reports about Sony’s cinema camera FX5 emphasized technical upgrades, but they are more of a product refresh than a clear near-term earnings catalyst. Sony FX5 Launches With a New Sensor Open Gate Recording and Internal RAW Support
- Negative Sentiment: One report warned that Sony’s push to end physical discs could hurt the $7.2 billion used-games market, raising concerns about pushback from gamers and the broader gaming ecosystem. Sony’s decision to end physical discs could destroy the $7.2 Billion second-hand games market, per analysis
Analyst Ratings Changes
Check Out Our Latest Analysis on SONY
Insider Transactions at Sony
In other Sony news, insider Toshimoto Mitomo sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of $21.02, for a total value of $525,500.00. Following the sale, the insider owned 115,700 shares of the company’s stock, valued at $2,432,014. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenichiro Yoshida sold 400,000 shares of Sony stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $9,044,000.00. Following the sale, the director owned 661,615 shares of the company’s stock, valued at approximately $14,959,115.15. This trade represents a 37.68% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 771,838 shares of company stock valued at $16,866,580. Corporate insiders own 7.00% of the company’s stock.
Sony Price Performance
SONY stock opened at $21.01 on Monday. The firm has a 50 day moving average of $21.14 and a 200-day moving average of $21.62. The company has a current ratio of 1.18, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. Sony Corporation has a 12 month low of $19.32 and a 12 month high of $30.34. The firm has a market capitalization of $124.15 billion, a P/E ratio of -105.06, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94.
Sony (NYSE:SONY – Get Free Report) last posted its earnings results on Friday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.43 billion. During the same period last year, the company posted $32.86 EPS. The business’s revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Sony Corporation will post 1.28 earnings per share for the current fiscal year.
Sony Profile
Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.
Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.
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